The third Green Energy Auction (GEA-3) for geothermal, impounding hydro, and pumped-storage hydropower is expected to conclude before the end of the year. During a recent budget hearing, the Department of Energy (DOE) Undersecretary Rowena Guevara assured the Senate that this auction would...
SP New Energy Corporation (SPNEC), a subsidiary of the Meralco Group, is shelling out P8.93 billion for the acquisition of additional stake in Terra Solar Philippines Inc. and Terra Nueva Inc. In a regulatory filing on Thursday, Oct. 10, SPNEC said its board of directors approved the subscription...
Fuel retailers announced increases in the pump prices, marking the third consecutive week of hikes for diesel and the second week for kerosene, while gasoline prices will remain stable. Beginning Tuesday, Oct. 8, diesel prices will rise by P1 to P1.20 per liter. Gasoline prices are set to stay...
The Department of Energy (DOE) and the Department of Natural Resources (DENR) have partnered to speed up the exploration, utilization, and development of offshore wind projects. In a statement, the DOE said the two agencies entered into a memorandum of agreement (MOA) that allows access...
As the push for renewable energy (RE) gains momentum, the Department of Energy (DOE) emphasized the need for a fair transition for the private sector that has invested in coal facilities. During the Powertrends International Business Forum 2024, DOE Assistant Secretary Mario Marasigan...
The Department of Energy (DOE) said that consumers can expect a potential gasoline price rollback next week, while diesel prices are likely to increase. Rino Abad, DOE Oil Industry Management Bureau (OIMB) directo said these contrasting movements are due to various economic factors. ...
Ronald ‘Suiee’ Suarez highlights AboitizPower’s sustainability projects and initiatives at the 1st Manila Bulletin Sustainability Focus Session held at the Universtiy of Santo Tomas on September 30, 2024. (Photo by Manila Bulletin) Despite the country's aggressive efforts to go renewable, a...
Aerospace company Airbus, in collaboration with the Department of Transport (DOTr), the Department of Energy (DOE), and the Civil Aviation Authority (CAA), is working towards achieving 100 percent sustainable aviation fuel (SAF) in its aircraft operations in the country by 2030. In a statement on...
First Gen Corporation’s all-renewable energy arm, Energy Development Corp. (EDC), has received preliminary survey assignments and exploration (PSPE) for two greenfield geothermal projects in Indonesia. During the 10th Indonesia International Geothermal Convention, the EDC said it would have the...
ACEN President & CEO, Eric Francia, at the Recharge Partners Gala event. The retail electricity unit of the Ayala Group, ACEN Renewable Energy Solutions (ACEN RES), has again won gold at the prestigious Stevie International Business Awards. The company’s innovative marketing campaign,...
After this week’s first Commission meeting under Officer-in-Charge Chairperson and CEO Jesse Hermogenes Andres, the Energy Regulatory Commission (ERC) has agreed to expedite approvals of the certificates of compliance (COCs) or the licenses needed by new power plants to start generating...
President Marcos has ordered the Department of Energy (DOE) to continue expediting the integration of all applications and permitting processes for energy projects in the energy virtual one-stop shop (EVOSS). President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting on Oct. 1, 2024...
